Archive for Daily Gold Price

Hi – my name is Anna Coulling, and just like you I enjoy trading all markets, particularly forex and commodities.

If you are keen to learn more about how to trade these markets, then you’ve come to the right place. They are fascinating to trade, and markets that I write about regularly for FXstreet, FXpros, Forex Space and many others. So you will be learning from someone who trades full time.

Oh, and I almost forgot. I am also an expert contributor to FXstreet, and have appeared with the CME, so understand the markets better than most. If you’re serious about becoming a better trader, or perhaps just starting out, here’s a couple of resources to help you get started.

This is the book I have been meaning to write for many years. Finally, I have found the time to do just that!

Now a No 1 Best Seller: International Foreign Exchange

Volume has been the cornerstone on which my own trading career has been built. It was where I started, and I consider myself fortunate to have done so. Why? Because volume and price are the ONLY leading indicators of future market activity. Many traders never discover their awesome power until it’s too late, relying on lagging indicators, which………lag the market. Now finally it’s here. In the book you will discover the unique approach that is VPA, or Volume Price Analysis.

Price on it’s own is just that – a price. Volume on it’s own is just that – volume. But combine them together, and just like adding saltpetre, charcoal and sulphur, they become an explosive mixture. Your charts will quite literallyEXPLODE into life. Suddenly you will have the insight to read the next market move,before it happens. Now, with VPA your trading will become stress free and enjoyable. Why? Because your trading decisions will be based on logic and common sense. The insiders simplyCANNOT hide market activity from view. All you need to do is interpret the volume price relationship – then simply follow them. AND YES – even in the spot forex market!!

Here are some of the wonderful comments I have received on emails from customers who have bought the book – thank you so much – Anna

Dear Anna,

I want to thank you so much for providing retail traders with a wonderfully written, fun to read, and very smart book ! I just finished your “A Complete Guide to Volume Price Analysis” and found it thoroughly enjoyable, and very, very informative.

I had been introduced to some of these concepts before ( “volume spread analysis”) but have to tell you that your style and approach is a lot easier to comprehend, and a lot easier to actually put into practice.

JK

Dear Ms Coulling,

I found your book on Amazon by chance, after having typed in Trading using Volume Price Analysis. Got the book this week, and I am already half way through it. Your exposition of the volume behaviour in the market and how different price bars relate to volume is fantastic. It truly is an eye opener. I have been interested in the Wyckoff approach for a while, but have not found something as clear as your book.Thanks for writing such a great book.

SG

And now for another……

If you are new to the world of forex trading, then the following book may be for you. I remember what it was like when I first started and it can be a confusing and complex market to interpret. In the book I explain the forces that drive the markets, and the broad approaches to analyzing market behavior. I hope it will provide the background knowledge to help you become a better trader, as you enter the world of forex trading.

Success for many traders remains an elusive dream, and whilst the trading process itself is relatively simple and straightforward, the markets themselves are most certainly not. Indeed of the four principle markets, forex is the most complex of all, and yet is promoted as one that could be your own personal ATM machine. Nothing could be further from the truth, which is why many aspiring traders ultimately fail and either give up, or move on. This is a great shame, as it’s not their fault, and is simply because no-one has ever explained how the markets, and in particular, the forex markets, really work.

If this sounds familiar, then this book is for you.

The forex market is far from simple, and the tools and techniques you will need to survive and prosper are varied. Many budding traders approach the world of foreign exchange in a one dimensional way, either in adopting one single analytical technique, or by assuming that this market works in isolation to all others. Both are equally dangerous.

The forex market sits at the heart of the financial world. After all, every decision by every speculator, trader or investor is about one thing, and one thing only – money. The FX market embraces every aspect of risk and return in financial terms, which is then overlain with the political and central bank manipulation, all part and parcel of this world.

To succeed as a forex trader, you need to equip yourself with the tools, the knowledge and the techniques to take on the immense forces ranged against you. Approach the forex market with a pea shooter and you will simply become another casualty. Arm yourself with this book, and you will then enter the forex trading world, fully mobilised with the appropriate weapons, of which knowledge and insight are the most powerful.

Now on Amazon Kindle, and in paperback

Forex For Beginners is a step by step guide to help you get started in the exciting world of forex trading.

The book leads you by the hand, from explanations of how and why we have a forex market, how it works, and the mechanics of placing trades. The various analytical approaches are explained in detail, along with understanding the importance of volume and price. From there, the book moves on to explain the concepts of margin and leverage, trading plans, quantifying risk money management, and position sizing.

Then, it’s putting it all together, as we walk through complete trades together, from start to finish, with several worked examples. Finally, the book explains key elements of the MT4 platform, and how to place and manage trades.

Throughout the book there are hundreds of images and pictures, with simple explanations, to help explain everything clearly, so you will learn fast – and nothing has been left out. If you want the complete book, from novice to placing your first trade, and everything in between, then this is the book for you!

The book will be published in the next couple of weeks at a very special promotional price, so please grab your copy FAST.

And now for another……my latest book on binary options:

Binary options – is is betting or trading? A debate that has been raging ever since binary options exploded onto the market, sweeping away convention, tearing up the rulebook, and dividing opinion. Indeed, simply mention the word binary and instantly a heated debate will ensue.

But love them or loathe them, binary options are here to stay, and Binary Options Unmasked has been written to provide traders with a balanced and considered view of these deceptively simple yet powerful instruments. There are many traps for the unwary, but there are also some solid gold nuggets, if you know where to look.

Are Binary Options For Me?
This is the question I hope will be answered for you in this book. In writing it, I have tried to provide a complete introduction to the subject, with practical examples of how to approach these innovative instruments. Every aspect of this market is explained – both the good and the bad. Nothing is left unsaid. Binary options have much to offer, and used with common sense and thought, are perfectly valid trading instruments. Applied unthinkingly, they become like any other instrument – a quick way to lose money fast.

Binary Options Unmasked reveals the true characteristics of this market. It covers the current market participants, along with their product offering. Moreover, not only are binary options explained in detail, but their application as a trading instrument is also illustrated. Trading strategies and approaches too are explored, along with an innovative and practical approach to interpreting volatility, a key component of any options trading.

I hope this book, will give you the confidence at least to consider these instruments in more detail for yourself, with an open mind and your eyes wide open.

December gold futures closed the week higher once again ending the gold trading session and the week at $1772.70 per ounce and pushing towards the $1800 per ounce region again. Friday’s trading session was relatively muted following Thursday’s surge higher with gold propelled upwards following the statement from Fed Chairman Ben Bernanke that a further stimulus of $40 billion per month would now be pumped into the US economy as QE3 was duly rolled out, much as expected. With further economic stimulus comes a weak dollar and as Hawkeye has been forecasting for some time, a bullish trend for gold, which along with other commodities such as silver and oil, has received a boost to current short term trends as a result.

Friday’s price action was in a narrow range, as the gold market paused for breath, with speculators and investors squaring their positions ahead of the weekend. Nevertheless, the daily trading volume on Friday was still high and with plenty of buying still in evidence, couples with solid buying on the three day chart, this trend has a long way to run yet.

From a technical perspective the next area to breach is the highs of $1802 per ounce, last seen back in February, and if we see this level broken, then gold prices are likely to continue to rise further. Indeed with the three day trend now bullish, and the Hawkeye Heatmap also remaining green, this is also confirming the bullish picture for gold in the short to medium term. The US dollar index daily chart is also adding further momentum, and with sustained dollar weakness now likely as the QE3 program gathers pace, expect to see gold futures and the price of gold continue to rise and develop a longer term trend, possibly to break above $2000 per ounce in 2013.

If you would like to see Hawkeye in action, please just click on the following link to join me in one of my Free live trading rooms – I look forward to seeing you there.

The December gold futures contract closed the session at $1734.90 per ounce, reversing yesterday’s small pullback having just failed to breach the $1740 per ounce in the trading session. For the second day in succession we have now seen an “inside day” on the daily gold chart with gold prices trading within the magenta widespread bar of Friday which saw gold futures surge higher in much the same way as of the previous week.

This has now become a feature of the current bullish momentum with the price of gold moving sharply higher before pausing and then continuing its upwards journey. Since the breakout of late August, gold futures have looked increasingly bullish and with the recent weakness in the US Dollar this has given the precious metal further impetus and, in the next weeks, we can expect to see gold breach the $1800 per ounce price point. A price level last seen in late February this year.

As we can see on the gold chart the Hawkeye heatmap remains firmly bullish and with the 3 day trend also firmly green and strong buying volume in both timeframes the outlook remains hugely positive.Indeed, on Thursday this week commodities and gold, in particular, are likely to receive a further boost with FED Chairman Bernanke expected to fire the starting gun for a further round of quantitative easing. This should weaken the US dollar still further, as a result.

If you would like to see Hawkeye in action, please just click on the following link to join me in one of my Free live trading rooms – I look forward to seeing you there.

The price of gold has paused for breath over the last few days following the sharp rise of last week, and with a holiday shortened week, the market has drifted sideways, as the December gold futures flirt with the $1700 per ounce level. Friday of course sees the monthly release of the Non Farm Payroll data, and with yesterday’s ADP suggesting a positive release, we could see a better than expected figure. However, over the last few months, the ADP figures have been some way off the mark, in forecasting the more significant NFP numbers, so no doubt the markets will be cautious ahead of the release. Of far more significance to the price of gold, will be the likely weakening of the US dollar, once a further round of quantitative easing is unveiled, and even one good set of numbers in the NFP release tomorrow, are unlikely to divert the Federal Reserve from it’s chosen path. If QE3 is released, as now seems certain, then we can expect to see gold prices climb further in due course, and re-test the $1800 per ounce level of late February earlier this year.

From a technical perspective, the outlook remains firmly bullish, with strong buying volume on the daily chart. However on the three day chart we can see that over the last three days have see white volume, or no demand volume in this timeframe, reflecting the temporary pause point in the price action, as we test the $1700 per ounce level. The daily trend remains firmly green, and with a bright green Heatmap, sentiment for gold remains positive in the short to medium term, and we can expect to see the current trend develop further before testing the underside of strong resistance in the $1740 per ounce area. A break and hold here should see gold move firmly higher and on towards the $1800 per ounce region towards the end of the year.

If you would like to see Hawkeye in action, please just click on the following link to join one of our Free live trading rooms – I look forward to seeing you there.

Gold futures surged higher on Friday with the December Comex contract ending the session and week at $1687.60, it’s highest level for over five months. Friday’s surge in the price of gold was largely triggered by weakness in the US dollar, which sold off during the trading session following the statement by FED chairman Ben Bernanke in which he hinted that the Federal Reserve were ‘ready to pull the trigger’ for a further round of quantitative easing. With this much vaunted stimulus for the US economy now virtually guaranteed, this will no doubt provide the catalyst for further gains in the gold price, with a consequent weakening in the US dollar as a result.

From a technical perspective the recent breakout on the daily gold chart gave a clear signal of the bullish sentiment, following the sustained period of sideways congestion which saw the precious metal trade in a narrow range throughout the summer. The breakout finally arrived on the 21st August, finally breaking and holding above the $1640 per ounce level, and with this strong platform now in place, gold looks set to build a sustained bullish trend over the next few months.

Hawkeye delivered a conservative Roadkill signal on the 24th August, as bullish volume on both the one day and three day charts, coupled with a bright green Heatmap and bullish trend on the three day chart, all combined to deliver an entry to the market. The only minor point to note is that selling volume entered the market on Thursday, followed by no demand volume on Friday, but this was almost certainly due to gold traders squaring their positions ahead of the three day weekend coupled with month end.

With the initial breakout now complete we can expect to see further bullish sentiment for the metal over the next few weeks, with an initial test of the resistance now in place at the $1720 per ounce level, which extends to $1760 per ounce. A breach of this level, should then see gold price move on to test the high of mid February at the psychological $1800 per ounce in due course.

If you would like to see Hawkeye in action, simply click on the link here and join me in one of my Free live trading rooms – I look forward to seeing you there!